LIQUOR MAKER Tanduay Holdings, Inc. has allocated a fifth of its shares to be sold for its secondary offering to trading participants of the Philippine Stock Exchange (PSE), the company told the local bourse yesterday. “We are pleased to advise you that the company and the selling shareholder (Tangent Holdings, Inc.) have decided to allocate 20% of the 398,138,889 offer shares to the trading participants of the exchange to ensure a wide distribution of the offer shares,” the disclosure read. “Each trading participant will have an allocation of 599,000 offer shares,” the disclosure added. However, the 20% portion intended for the trading participants could still climb once the other 80%, which will be sold to institutional and retail buyers, would not be fully purchased, Nestor C. Mendones, Tanduay Holdings’ chief finance officer, said in a text message yesterday. “Note that the trading participants are requested to indicate in their ‘understanding to purchase shares’ if they wish to subscribe additional shares,” he said. The company added that a commission of 0.5% of the shares purchased shall be given to the trading participant. Tanduay Holdings’ share sale will run from Dec. 5-9.

"when it comes to trading, i'm just barely smart enough to realize that i'm a total idiot. i might be considered stupid, but on the intelligence scale, it puts me comfortably ahead of all the dumber people who thinks they're better than me."

MANILA, Philippines - Lucio Tan-led rum maker Tanduay Holdings Inc. has set the final price of its follow-on stock offering at P4.22 per share, at the middle of a previously given P3.88-P5.22 price range.

At P4.22, the company will raise as much as P1.68 billion in proceeds that will be used to finance its expansion plans.

The final offer price represents a 17.2% discount to Tanduay's last closing price of P5.10 per share in the market.

Tanduay said the company is undertaking the capital-raising exercise to finance the expenditure requirements of wholly-owned subsidiary Tanduay Distillers Inc., and other units Absolut Distillers Inc. and Asian Alcohol Corp.

At the same time, it said it will launch new innovative products that will compete with top rum brands around the world.

"Tanduay believes that it possesses the capability to attain its goal of becoming the number one seller of rum in world," the company said.

because there is something brewing
Just kidding brotha.... first of all both these companies are handled by Lucio himself. So Tanduay and AB are sister companies, they just created separate companies for the consumers since they want change...so a new name perhaps. Another reason for this is that Tanduay caters to heavy drinkers(such as Rhum, Brandy, Gin, Vodka) and Asia Brewery caters to light drinkers/ basic liquids(such as beer, water, juices etc...)

So end of they day whatever the consumers buys whether Tanduay or Asia Brewery products...Lucio wins

(12-04-2011 09:50 AM)KennyV Wrote: Yow spec, problem here is TDY will not get a dime sa sales ng T-Ice as it will go to AB. Tama ba? Hehe I'm thinking kasi of subscribing to the secondary offering of TDY

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